Name: Return on Assets (ROA)

Definition: ROA shows how efficiently the company turns everything it owns — its entire asset base — into net profit after all costs and taxes. A higher ROA means the business squeezes more profit from its assets. Lower ROA might reflect poor asset utilization or heavy reliance on expensive financing.

Interpretation:
• In '2020', BYM's return on assets was 1.7%, representing returns generated from total assets. Industry average for Investment Managers in '2020' stood at 6.2%.
• In '2021', BYM's return on assets was 4.2%, representing returns generated from total assets. The increase since '2020' reflects strengthening financial performance. Industry average for Investment Managers in '2021' stood at 11.8%. Industry average increased by 5.6% compared to previous year.
• In '2023', BYM's return on assets was -1.7%, representing returns generated from total assets. The decline from '2021' may indicate some operational or financial challenges. Industry average for Investment Managers in '2023' stood at 1.1%. Industry average declined by 10.6% from previous year.
• In '2024', BYM's return on assets was 2.6%, representing returns generated from total assets. The increase since '2023' reflects strengthening financial performance. Industry average for Investment Managers in '2024' stood at 8.9%. Industry average increased by 7.7% compared to previous year.
Overall, BYM's return on assets has been volatile but generally stable over the past 4 years.

Formula: ROA = Net Income / Total Assets

Good Range: Commonly 5%-15%.